221 Robinhood Lane

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221 Robinhood Lane

Bloomington, IL 61701
Asking Price
$510K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for sale in Bloomington
  • Asset features a total of six individual units
  • Current asking price for the property is $510,000
  • Located at 221 Robinhood Lane in the 61701 zip code
  • Positioned within a key hub for regional insurance and agriculture

What's Special

Priced at $510,000, this multifamily asset at 221 Robinhood Lane in Bloomington, Illinois, presents a six-unit apartment building for acquisition. The property is situated within a stable residential market in Bloomington, a city that serves as a central hub for insurance and agricultural sectors in the region. This consistent demand from the local workforce supports long-term occupancy for well-managed rental properties in the area. Investors may find this building suitable for a value-add repositioning strategy or as a steady addition to an existing residential portfolio. The six-unit layout allows for efficient property management and operational scalability. Benefiting from the city's accessibility and proximity to regional transit corridors, this asset aligns with the needs of a demographic seeking reliable housing options. Its location provides tenants with access to necessary services and employment centers throughout the Bloomington-Normal metropolitan region.

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NOI
$80,000
Cap Rate
15.69%
DSCR
2.64
Strong
Cash-on-Cash
32.50%
Monthly Payment
$2,523.202
Annual Cash Flow
$49,721.579

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